Tikehau Capital (TKO) AGM 2025 summary

Opening remarks and agenda

• AGM was chaired by Christian de Labriffe, with management, auditors, and board members present.

• The meeting was broadcast live and quorum was confirmed at 92.6%, allowing all resolutions to be ruled upon.

• Agenda included financial review, strategy, governance, resolutions, and Q&A, with supporting documents provided in advance.

Financial performance review

• Assets under management (AUM) surpassed $50 billion/€49bn, growing fivefold since the 2017 IPO and at a 23% CAGR from 2016 to 2024.

• In 2024, gross inflows reached €9.3bn, with €7.0bn net inflows and €5.6bn deployed.

• Net income before tax grew 9% in 2024, reaching €209.6m, with operating profit from asset management at $126 million.

• Management fees reached $337 million, up 8% from 2023, representing 96% of AM revenues.

• Core Fee-Related Earnings rose 7% to €132m, and total portfolio revenue increased 16%.

Board and executive committee updates

• Appointment of Pierre-Henri Flamand to the Supervisory Board, replacing Jean Charest.

• Renewals for Maximilien de Limburg Stirum and Fonds Stratégique de Participations with Florence Lustman.

• Supervisory board comprises 11 members, 50% independent, 40% women, with >95% attendance rates.